According to Special Presidential Envoy for Climate John Kerry, President Joe Biden plans to issue executive orders and climate mandates to reach his goal of reducing emissions by 50% by 2030. In an interview with Yahoo News, Kerry said the executive orders and climate mandates are in addition to the Inflation Reduction Act, which aims to reduce emissions by 40%.
Kerry called on corporations to contribute to the effort in order to reach net-zero emissions in 2050. As for a potential ban on gas stoves, Kerry said such a change isn’t necessary yet to reduce emissions. However, in New York, a proposal to ban gas stoves looks like it could pass in the near future.
President Biden signed the Inflation Reduction Act into law in 2022. It included $369 billion in spending to address climate change through clean energy incentives.
The law imposes a charge on oil and gas companies’ methane emissions. However, the legislation also needed to support those industries, to a certain extent, in order to pass. So, the Inflation Reduction Act bolstered gas and oil development by leasing public land for new projects and streamlined project permitting.
The net carbon emissions reduced from the Inflation Reduction Act is not enough to reach Biden’s climate goal, which may be the reason for the additional mandates.
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